Jupiter Life Line Hospitals IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHPLast Updated Date: Sep 08, 2023
Let’s have a detailed review of the company and analytics of the Jupiter Life Line Hospitals IPO release date, IPO offer price, subscription, Jupiter Life Line Hospitals Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
|Face Value||Rs 10|
|Price Band||Rs 695 to Rs 735|
|Listing At||BSE, NSE|
|Min. Order Quantity||20 Shares|
|Listing Date||September 18, 2023|
|Offer for Sale||Rs 327.08 Crore|
|Fresh Issue||Rs 542.00 Crore|
|IPO Size||Rs 869.08 Crore|
Jupiter Life Line Hospitals IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
|Live Performance – Jupiter Life Line Hospitals Share Price|
Jupiter Life Line Hospitals IPO – Summary
They are among the key multi-speciality tertiary and quaternary healthcare providers in the Mumbai Metropolitan Area (MMR) and western region of India with a total bed capacity of 1,194 hospital beds across three hospitals as of December 31, 2022.
So, they have been operating for over 15 years as a corporate quaternary care healthcare service provider in densely populated micro markets in the western regions of India.
The Promoter of this company is DR. AJAY THAKKER, DR. ANKIT THAKKER AND WESTERN MEDICAL SOLUTIONS LLP. The lead manager of the issue is ICICI Securities Limited, Edelweiss Financial Services Limited and JM Financial Limited, and the Registrar of this issue is KFin Technologies Limited.
Check out Related IPO Links:
|Jupiter Life Line Hospitals IPO GMP|
|Jupiter Life Line Hospitals IPO Allotment|
|LIVE Subscription – Jupiter Life Line Hospitals IPO|
Jupiter Life Line Hospitals IPO Date
The opening and closing dates of Jupiter Life Line Hospitals IPO are September 6, 2023, and September 8, 2023, respectively.
Jupiter Life Line Hospitals IPO Subscription
|Day / Date||QIB||NII||RII||Total Subscription|
|1st Day – 6th Sep||0.01x||1.49x||1.16x||0.90x|
|2nd Day -7th Sep||1.09x||6.88x||3.23x||3.38x|
|3rd Day – 8th Sep||1.46x||13.82x||4.61x||5.64x|
|Shares Offered or Net Issue||2,443,743||1,773,625||4,138,458||11,903,073|
The shares subscribed by the public will be updated here.
Jupiter Life Line Hospitals IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares are pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Jupiter Life Line Hospitals Limited IPO Listing Date
Find the dates below on the basis of allotment, refund, listing, and more:
|Basis of Allotment Finalization||September 13, 2023|
|Refunds Initiation||September 14, 2023|
|Credit of Shares to Demat Account||September 15, 2023|
|Share Listing Date||September 18, 2023|
Jupiter Life Line Hospitals IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 695 to Rs 735
Jupiter Life Line Hospitals IPO Equity Size
This Initial Public Issue of 11,824,163 Equity Shares of Rs.10 each for cash at a price of Rs 695 to Rs 735 per equity share aggregating to Rs.869.08 Crore.
Jupiter Life Line Hospitals IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 7,374,163 Equity Shares of Rs.10/ each.
Issue Size: 11,824,163 Equity Shares of Rs.10 each, aggregating to Rs.869.08 Crore
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Jupiter Life Line Hospitals IPO – Live Performance
The listing date of this IPO is September 18, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
|Live IPO Performance – Jupiter Life Line Hospitals Share Price|
Jupiter Life Line Hospitals IPO Grey Market Premium
The Jupiter Life Line Hospitals Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Jupiter Life Line Hospitals IPO – Company Overview
They follow a ‘patient first’ ideology by creating the best infrastructure, technology and support to put the patient first and foremost and be futuristic and innovative in the delivery of healthcare.
Also, they have equipped their hospitals with over 30specialties, as of December 31, 2022, including key specialities of organ transplant, oncology, orthopaedics, cardiology, paediatrics, neurology and neurosurgery as well as certain specialised quaternary services and precision-based treatments such as brachytherapy, radiotherapy, robotic knee replacement and robotic neurorehabilitation.
According to the CRISIL Report, their Thane and Indore hospitals are among the few hospitals in the western region of India to provide neuro-rehabilitation services through dedicated robotic and computer-assisted neurorehabilitation centres.
Jupiter Life Line Hospitals IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
|Amount (in INR & Million)|
|Profit After Tax||729.05||511.28||(22.97)|
Earnings per Equity Share (in Million)
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 729.05 Million, Rs. 511.28 Million and Rs. (22.97) Million respectively.
Jupiter Life Line Hospitals IPO – Promoters
The Promoter of this company is:
- DR. AJAY THAKKER,
- DR. ANKIT THAKKER
- WESTERN MEDICAL SOLUTIONS LLP
List of Related Parties (Key Managerial Personnel)
- Ajay Thakker, Chairman and Managing Director
- Ankit Thakker, Executive Director and Chief Executive Officer
- Bhaskar Shah, Non-Executive Director
- Vadapatra Raghavan, Non-Executive Director
- Darshan Vora, Independent Director
Jupiter Life Line Hospitals IPO – Promoters Holding
- Pre-Issue Share Holding – 40.69%
- Post-Issue Share Holding – %
Jupiter Life Line Hospitals IPO Offer Details or Issue Details
|Particulars||No. Of Equity Shares|
|Equity Shares Offered||Up to 11,824,163 Equity Shares aggregating up to Rs.8690.8 Million|
|Issue Reserved for the Market Makers||Up to [●] Equity Shares aggregating up to Rs.[●]
|Net Issue to the Public||Up to [●] Equity Shares aggregating up to Rs.[●]
|Retail Investors Portion||Not less than [●] Equity Shares|
|Other than Retail Individual Investors||Not more than [●] Equity Shares|
|Equity Shares outstanding prior to the Issue||58,191,859 Equity Shares|
|Equity Shares outstanding after the Issue||X Equity Shares|
Jupiter Life Line Hospitals IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Repayment/pre-payment, in full or part, of borrowings availed from banks by their Company and Material Subsidiary; and
- General corporate purposes.
Jupiter Life Line Hospitals IPO – Business Strategy
- Strategically expand their footprint in Western markets
- Continue to recruit and retain skilled healthcare professionals
- Pursue strategic inorganic growth opportunities in their focus micro-markets
- Continue to improve the quality of care and invest in and employ the latest technology
Jupiter Life Line Hospitals IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- A key multi-speciality tertiary and quaternary healthcare provider with a track record of over 15 years, strong brand recognition and clinical expertise.
- An all-hub-no-spoke model with a focus on quality patient care supported by modern infrastructure and technological capabilities.
- The ability to attract and retain skilled and experienced healthcare professionals.
- Track record of operational and financial performance with a diversified revenue mix.
- Experienced and qualified professional management team with a focus on environmental, social and governance initiatives.
The relevant quantitative factors are:
|Basic & Diluted EPS||RONW (%)||NAV (Rs.)|
Jupiter Hospitals IPO: Competitive Peers
|Face Value (Rs.)||P/E||EPS (Rs.)||Return on Net Worth (%)||Total Income (Rs. in Millions)|
|Jupiter Life Line Hospitals Limited||10||[●]||
|Apollo Hospitals Enterprise Limited||5||
|Fortis Healthcare Limited||10||
|Max Healthcare Institute Limited||10||
Jupiter Life Line Hospitals IPO Lead Managers
|ICICI Securities Limited
Edelweiss Financial Services Limited
JM Financial Limited
Jupiter Hospitals IPO Registrar to offer
|Registrar to the Offer|
|KFin Technologies Limited
Selenium Tower B, Plot No. 31 & 32, Gachibowli, Financial District,
Hyderabad,–500 032 Telangana, India
Telephone: +91 40 6716 2222
Investor grievance email: firstname.lastname@example.org
Contact person: M Murali Krishna
SEBI registration no: INR00000022
Jupiter Life Line Hospitals IPO – Other Details
- Statutory Auditor – Aswin P. Malde & Co., Chartered Accountants
- Legal Counsel to the Company – Khaitan & Co
- Bankers to the Company – ICICI Bank Limited and Axis Bank Limited
Jupiter Hospitals IPO Review by Stock Brokers
|Top Stock Brokers Review||Company Reputation||Competitive Edge||Financial Statement||Popularity Index||Promoters Reputation|
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Jupiter Hospitals Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Jupiter Life Line Hospital IPO Review FAQs
Check out various FAQs related to Jupiter Hospitals IPO:
What is the Issue Size of Jupiter Hospitals IPO?
The Company is making an initial public offer of 4,450,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Jupiter Hospitals IPO?
The price band for this particular IPO ranges between Rs 695 to Rs 735. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Jupiter Hospitals IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on September 6, 2023, while the closing date is set at September 8, 2023.
What is the Jupiter Hospitals IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on September 13, 2023, refund initiation is on September 14, 2023, credit of shares is on September 15, 2023, and share listing date is on September 18, 2023.
What is the Jupiter Hospital IPO Listing Date?
Shares of this company shall be listed in the exchanges on September 18, 2023. The date, when the listing would be done, is stagnant on September 18, 2023.
Who is the Registrar of Jupiter Hospitals IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. KFin Technologies Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Jupiter Hospitals IPO?
Here are the promoters of this IPO – DR. AJAY THAKKER, DR. ANKIT THAKKER AND WESTERN MEDICAL SOLUTIONS LLP. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Jupiter Hospitals IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Jupiter Hospitals IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Jupiter Life Line Hospitals Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Million is 729.05, 2022 is 511.28, and 2021 is (22.97).
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